Dear Friend,
There have been numerous instances of such things. FSA, i.e. Financial Services Authorities have issued against such calls being received and has also warned people with dealing with above named firm.
It has issued a public warning against dealing with Alexander Rothko. The firm is not authorised to offer financial advice or sell shares in this country. Anyone who deals with it loses the protection of the Ombudsman and the compensation scheme. And anyone who has been cold-called and agreed to buy the shares can back out now. The deal is not enforceable, the FSA advises."
http://www.barcelonareporter.com/index.php?/news/comments/fsa_issues_warning_about_alexander_rothko_associates_ltd/
In such scenario, I would advice you to keep away from such calls as they are now almost becoming scams.
I hope the above helps...
Regards,
Unfortunately I purchased the shares 4 years ago.
The recent call claims that the company (Alexander Rothko) has been closed by the Spanish authorities and it is confirmation of this fact OR otherwise that I was seeking.
regards
The company has definitely been under FSA Scanner but nothing that substantiates that it has closed down.
So, in sure of any compensation, do not fall prey to any such call. The best people to guide you would be FAS www.fsa.gov.uk and you can seek the exact status of the company.
But as of now, no reason to believe that the assets of this company are frozen and you may be compensated.
Financial Advisor
Technical Analyst in Financial Markets -- Experience of more than 10 years in consulting